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Real estate changes 2020: with Block’s Nicole Jacobs

March 27, 2020 Leave a Comment

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In the same week The Block got cancelled due to social distancing like everyone else, the show’s popular buyers’ advocate, Nicole Jacobs, has offered this helpful advice for buyers and sellers in a rapidly changing real estate market.

In such a highly regulated industry such as real estate, the rules have changed almost overnight and are still evolving to meet the safety requirements of our nation.

What has changed?

There are currently no more public or private auctions to be held. Regardless of social distancing measures, the only auctions allowed are to be online.ย Public open for inspections of a property are no longer allowed.

So what does this mean to those currently selling their home or indeed thinking of selling their home in the near future? How will potential buyers view their properties and make a decision to buy?

The answer is go digital. For many years we have been speaking about an industry disruption, and now it is here.

Selling your property or indeed looking to buy a property will need to be done digitally for the most part and then, once you have researched you will have an opportunity (currently) to view the property with a private viewing (so long as you meet the safety criteria surrounding Covid-19 of course).

Interstate or overseas buyers will need to rely solely on videos and real time walk-throughs with agents, either the selling agent, a buyer’s agent or the company engaged to walk through by one of these two parties.

Contracts will be signed in the most part digitally as well. This is something that will remain I am sure. We have been doing this prior to Covid-19 but it will push many to use this mode of signing as an industry standard.

All buyers will now, through the methods of viewing properties before being allowed into a home on a one-on-one inspection, be well and truly qualified.ย The days of casually walking through a property on a Saturday or midweek are sadly gone.

What hasnโ€™t changed?

The ability to go online and view floorplans, photos and position via maps is still available. Some agencies were already providing walk-through videos or 360 video tours. These will step up in detail and provide opportunities for interactive audiences as well as generally. Expect more cupboard-opening and views from different angles so you can get a โ€˜feelโ€™ for the property. External shots and street views too.

Make sure you are finance ready. This means just like before Covid-19, your broker or financial institution has given you approval in writing.

Building and pest inspections are still moving ahead (currently). These inspections are done to give you additional information about the property so you donโ€™t buy blind. Knowing if it needs a new roof or gutters is better before you sign the contracts.

Solicitors and qualified conveyancers are still checking contracts. Do not buy without getting this done.

What to be aware of:

Right now, many agents are shifting their auction campaigns over to eitherย sale by private negotiation (private sale, best offer, sale by set date) or Expression of Interest (EOI) campaigns. You will need to check with each agency as to their Rules of Engagement here. Some will have forms for you to submit an offer, some will require it on a contract of sale and some will accept an email offer. They all differ as to the process their agency follows.

It’s important to note that unless a property is moving from a public auction to an online auction, on the same advertised date and time, the mode of sale will mean you have a cooling off period. If the property is auctioned online, then you will still be under auction conditions – the property will sell to the highest bidder unconditionally (no cooling off, no subject-to conditions).

Currently, we have agents advertising auctions still, stating they are going โ€˜onlineโ€™ in order to elicit a sale within the auction conditions. Ask which online auction platform they will be using.

While the majority of agents are doing the right thing, there will always be one or two that are not playing on a level playing field.ย If you at any stage feel pressured or are unfamiliar with the new rules, call the regulating industry body for your state.

–Nicole Jacobs is the director of Nicole Jacobs Buyer Advocates and a regular on The Block.

Open homes and auctions banned: here’s a solution

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I'm THRILLED to be an ambassador for the brand new I'm THRILLED to be an ambassador for the brand new @madeinaustshow in Sydney this August.

๐Ÿฆ˜๐ŸจForget every tacky association you ever had about touristy Australian made and prepare to see a showcase of the best of home, lifestyle, fashion and beauty made right here. If the pandemic has made you appreciate buying local even more, this is for you.

It's the first business to business trade event connecting retailers with Australian made products to champion our local makers๐Ÿ™

Apply to exhibit or find out more at their website, via their bio, now!

Are YOU buying more Australian made post covid?

#madeinaustralia #australianmade #aussiemade #aussiedesign
Do I recommend a timber vanity top? A big fat NOP Do I recommend a timber vanity top?

A big fat NOPE! ๐Ÿ’ง 

Which is why we have recently covered ours with a Caesarstone top (thanks to @justinplace_sydney for the advice and supply) and the sweet RELIEF of not having to worry about this high traffic area anymore, I'm telling you!๐Ÿค—

Doesn't matter what they tell you or how many times it's sealed, I'm not sure it's a great idea in a room which is so, well, wet!

I love having the warmth of timber in the bathroom and it's a beautiful piece, but timber on the top? Never again.

Ours probably lasted a year (if that) before it started to go downhill (and we want a good decade out of a bathroom, right?!). 2.5 years on, everything else in this bathroom looks virtually brand new and the water marked vanity top was really letting the side down and making me sad!

But I'm so pleased with this solution, I have to say! Took the plumber less than an hour to remove the sink, install the top and connect the sink back up. We didn't need to move the tap and it isn't too close to the basin.

The kids are allowed to brush their teeth and wash their hands (liquid soap ๐Ÿฅด) in here again and I can leave my hair straightener on there with gay abandon ๐Ÿ˜†

The reflective surface (which I can clean with whatever I like!๐Ÿ’ช๐Ÿป) brightens the room up too!

Next week I'll tell you what I really think of my brass tile trim too ๐Ÿ˜‰

#interiorsaddictbathroomreno2 #interiorsaddictfamilyhomereno #timbervanity
Is there a more decadent and delicious soup than F Is there a more decadent and delicious soup than French onion?

I think not!

Grab the recipe on the blog this morning via link in bio.
Get to know me! I haven't done one of these in YE Get to know me!

I haven't done one of these in YEARS so there's possibly thousands of you who don't know my back story. Here's a few things you may not know about me!

โœ”๏ธ I'm English ๐Ÿด๓ ง๓ ข๓ ฅ๓ ฎ๓ ง๓ ฟ and I moved here (just for one year) back in 2008๐Ÿ˜† 

โœ”๏ธ I can't end the day without a bath, even if I get home really late or on a really hot day. It's a mental health thing and my happy place. ๐Ÿ› 

โœ”๏ธ Before becoming a blogger and running my own small business, I was a journalist from the age of 18. My favourite news gathering times were as a newspaper crime reporter (bit different to interiors!) ๐Ÿ““ 

โœ”๏ธ I once worked at New Scotland Yard in London ๐Ÿš” 

โœ”๏ธI had an interview at Oxford (didn't get in!) but chose not to go to uni at all after being offered a job on the local paper #universityoflife ๐Ÿ˜

โœ”๏ธ My mum died when I was 3, I have an excellent dad and one sister (younger) in the UK โค๏ธ ๐Ÿ‡ฌ๐Ÿ‡ง 

โœ”๏ธ At school, my favourite subject was French ๐Ÿ‡ซ๐Ÿ‡ท and I was head girl ๐Ÿค“๐Ÿค“

โœ”๏ธ I'm addicted to โ˜•๏ธ , long hot baths and๐Ÿ’„ (been wearing it since I was about 14!)

โœ”๏ธ I'm not a phonecall person and will never ever pick up an unknown number. Ever. They can leave a message ๐Ÿ˜

โœ”๏ธ My favourite cuisine is Japanese ๐Ÿฃ ๐Ÿœ and Damian and I honeymooned in Tokyo and Venice 

โœ”๏ธ I have zero design qualifications. I just started blogging about my passion, which is trying to persuade everyone to #heartyourhome That was 11 years ago...

โœ”๏ธ My favourite tipple is a good GnT or๐Ÿท 

โœ”๏ธ Cheesy as it sounds, ๐Ÿ’โ€โ™€๏ธbeing a mum is my absolute biggest joy in life ๐Ÿง’๐Ÿ‘ฆ

โœ”๏ธ I will never give up my old school paper diary! Has to be A5 and week to view ๐Ÿ“– 

โœ”๏ธ My official surname isn't Bishop. I kept my maiden name for work after I got married but changed it for everything else. Often confuse myself!

โœ”๏ธ I didn't get my Ps until I was 37 and I'm still a terrible parker ๐Ÿ˜ฏ ๐Ÿ…ฟ๏ธ

Hope you feel like you know me a bit better ๐Ÿ˜˜

๐Ÿ“ธ @vanlowvanlow
Blue, green or lilac? ๐ŸŽจ @nood_co coloured con Blue, green or lilac? ๐ŸŽจ 

@nood_co coloured concrete basins is a great Aussie business success story. Although co founder Matt Di Costa first found fame as one half of Matt and Kim on The Block, he hasn't relied on this to build his brand.

โ€œWe are very honoured to have been a part ofย The Block, and all they have done for us. I am, however, a believer in letting the product take centre stage,โ€ he says.

Read our interview with Matt via link in bio now.

๐Ÿ™Share your favourite colour basin in the comments!

#colouredconcrete #noodco #colouredbasin #blockheads #the block #bathroomtrends2022

Pic 1 by @naibudesign_ and 2 by @twostyleinteriors
I'd love to see more colour in Aussie interiors! I'd love to see more colour in Aussie  interiors! ๐ŸŽจ 

At the end of the day though, it's a matter of personal taste. I love pops of colour but it's not for everyone. 

We couldn't resist featuring this Canadian house tour today. The amazing Kelly Green  hutch (swipe) was an upcycled $200 find ๐Ÿค—

Head over to the blog via link in bio to see the rest including one of the best playrooms we've seen in ages!

Project by @in.house.design
๐Ÿ“ธ @philcrozier
Create an unexpected city oasis with an emphasis o Create an unexpected city oasis with an emphasis on light and nature.

That was the brief for the conversion of a corner shop and a warehouse bakery into a luxury family home in Sydney's Newtown. And how about the library?!

Take the tour of this very special @annacarindesign project on the blog now, via link in bio.

Pic: @justinalexanderphoto
The things that excite me as a 40 year old ๐Ÿคญ N The things that excite me as a 40 year old ๐Ÿคญ

None of us enjoy laundry (OK, there are a few of you out there who do. Weird!) but we have to do it. And often. So if your laundry bin can be as good looking, functional and space saving as this, then why wouldn't you?!

I've lost track of how many baskets I've thrown out because they've gone soggy or mouldy. They look pretty, sure, but they're not fit for purpose and they're often messy and overflowing.

Here's what I love about his @brabantia_australia one:

โœ”๏ธ ventilation holes
โœ”๏ธ no need to remove the lid for small items plus it hides your dirty laundry from view
โœ”๏ธ easily removable and washable inner laundry bag that velcros back on 
โœ”๏ธ corrosion resistant so fine in bathroom or laundry 
โœ”๏ธ Brabantia make things as sustainably as possible
โœ”๏ธ compact, sleek, European design
โœ”๏ธ 10 year warranty
โœ”๏ธ tall and skinny so takes up less floor in my tiny laundry

The Rolls Royce of laundry bins? I think so ๐Ÿ‘Œ๐Ÿป

TOLD you this was going to be exciting!

Now I need to know, do you have your laundry basket in the bathroom, the laundry, every bedroom? We used to have one in each bedroom but moved to the laundry-only situation which I much prefer (one for colours and one for whites). My boys know to put their used clothes in the bin in the laundry each night and they're 7 and 3!  #raisingfuturehusbands

#gifted
"Living rooms are important spaces where our publi "Living rooms are important spaces where our public and private lives intersect."

So says stylist @nataliewalton in her gorgeous new book Style, the Art of Creating a Beautiful Home.

"They are where we gather to welcome guests and entertain. But they are also where we decompress and relax at the end of the day. Increasingly, they are open-plan spaces and need to work within a greater scheme. Bringing all the elements together cohesively requires care and consideration. And, if you want a space that lives up to its true potential, make it personal and create with conviction."

Read an extract, the chapter on elevating your living room, on the blog today via link in bio.

Published by @thamesandhudsonau Pix by @chriswarnes 

#livingroomdesigns #nataliewalton #coffeetablebooks #designbooks #interiorsbooks #livingroominteriors #elevateyourspace
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About Jen Bishop

Jen Bishop is our owner and publisher and an experienced journalist and editor. Interiors Addict has been her full-time job for more than 8 years. She is married to Damian and mum to Sebastian and Charlie.

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